Choosing the right broker is crucial for traders looking to maximize their opportunities in the financial markets. Seikom is a broker that has been gaining attention, but how does it perform when evaluated across key areas such as regulation, security, trading conditions, account offerings, and user platforms? This review takes a balanced approach to assess Seikom’s features, advantages, and drawbacks to help traders make an informed decision.
Regulation and Security
Seikom operates in a space where regulatory oversight is essential to ensure the safety and fairness of trading activities. The broker complies with certain regulatory standards. The company is licenced by FCA (Financial Conduct Authority) and SEC (U.S. Securities and Exchange Commission).
Security-wise, Seikom employs encryption technologies and segregated accounts to protect client funds and data. However, potential traders should conduct due diligence to confirm these measures and assess the broker’s transparency regarding regulatory oversight.
Trading Conditions and Tradable Assets
Seikom offers a variety of trading instruments, catering to diverse trader needs. These include:
- Forex: Major, minor, and exotic currency pairs.
- Stocks: Access to popular global equities.
- Indices: Tradable indexes from leading economies.
- Commodities: Precious metals, energy products, and agricultural goods.
- Cryptocurrencies: Bitcoin, Ethereum, and other leading digital assets.
The broker provides competitive spreads, but its commission structure and overnight fees vary by account type. Leverage options are generous but require careful management, especially for novice traders. The broker also supports both fixed and variable spreads, giving traders some flexibility depending on their strategies.
Seikom Account Types
Seikom offers multiple account types to cater to different trading needs. These range from: Standard, Amateur, Professional, Ruby, Emerald, and Dragon.
Standard
- Minimum deposit: $500
- Minimum investment period: 6 months
- Basic education
- Analystâs brief consultations
- Online access to trading terminal
- Leverage: 1:5
- Online support from Monday to Friday
Amateur
- Minimum deposit: $5,000
- Minimum investment period: 6 months
- Basic education
- Analyst: once per week, 30 min
- Online access to trading terminal
- Leverage: 1:5
- Trading signals once per week
- 1 risk-free order
Professional
- Minimum deposit: $25,000
- Minimum investment period: 3 months
- Advanced education
- Analyst: 2 times per week, 60 min
- Online access to trading terminal + personal support
- Leverage: 1:10
- 2 risk-free orders
- 1 trading bot
Ruby
- Minimum deposit: $100,000
- Minimum investment period: 3 months
- Advanced education
- Analystâs support 24/7
- Online access to trading terminal + personal support
- Leverage: 1:33
- 10 signals per week
- 3 risk-free orders
- 2 trading bots
- Personal trading plan: quarter
- Detailed order analysis and support
- Trust management: up to 30 days, 1 professional analyst
Emerald
- Minimum deposit: $500,000
- Minimum investment period: 3 months
- Professional education
- Analystâs support 24/7
- Online access to trading terminal + personal support by 2 analysts
- Leverage: 1:50
- Unlimited signals
- 5 risk-free orders
- 3 trading bots
- Personal trading plan: year
- Detailed order analysis and support
- Trust management: 1 quarter, 2 professional analysts
Dragon
- Minimum deposit: $1,000,000
- Minimum investment period: 3 months
- Professional education
- Analystâs support 24/7
- Online access to trading terminal + personal support by 3 analysts
- Leverage: 1:100
- Unlimited signals
- 10 risk-free orders
- 5 trading bots
- Personal trading plan: year
- 24/7 order analysis and support
- Trust management: 2 quarters, 4 professional analysts
Traders should evaluate the minimum deposit requirements, leverage limits, and specific features associated with each account type before signing up.
Trading Platforms
- Proprietary Platform: Seikom also offers its own trading platform with an intuitive interface and customizable charting tools.
- Mobile App: For traders who prefer to trade on the go, the broker’s app delivers essential functionalities for efficient trading.
These platforms offer advanced analytics, automated trading capabilities, and access to real-time data.
Education and Support
Seikom provides educational resources aimed at improving traders’ skills. These include:
- Webinars and Tutorials: Covering basic and advanced trading concepts.
- Market Insights: Daily updates on market trends and forecasts.
- Demo Accounts: Allowing new traders to practice in a risk-free environment.
Customer support is available via live chat, email, and phone, but response times can vary.
Advantages and Disadvantages
Pros:
- Wide variety of tradable assets.
- High level of security, including SSL encryption and two-factor authentication
- Competitive spreads and flexible account types.
- Comprehensive educational resources.
Cons:
- No Meta Trader 4/5
- Potentially high fees on certain accounts.
- Response times for customer support could be improved.
Summary
Seikom presents itself as a versatile broker with a strong lineup of tradable assets and user-friendly platforms. While it offers competitive trading conditions and educational resources, traders should carefully verify its regulatory compliance and fee structures. Its advantages cater to both beginners and experienced traders, but some drawbacks, such as unclear regulation and mixed customer support feedback, need to be addressed for a better overall experience. Conduct thorough research and testing (e.g., using a demo account) before committing to this broker.
iâm happy that seikom can offer so many shares for trading. as a stock adherent, i prefer trading only the stock market, i dunno how other people can trade those stupid points and pips on the forex. đ
I become much more confident in my trades. Thanks to the webinars and ebooks, they were really helpful in increasing my expertise. Overall, I was comfortable with this broker.
Execution speed is okay, but the platform could be smoother.
Iâve been using Seikom for over a year now. Everythingâs fine except for occasional delays with support, but itâs not a big issue. The platform does its job.
With this broker I can trade with various instruments, with the demo account, I have the flexibility to choose my asset and I have been using it to train.
Great broker! Fast execution, no hidden fees, and good asset selection.
Academy are a great way to learn trading, especially those from Seikom.
For me, spreads are decent here. I mainly trade forex, and it works well as long as you stay away from exotic pairs.
I am a new trader, I found their educational resources quite useful. The analytics are clear and easy to follow, which is great for beginners like me. However, I think they could expand the variety of topics covered. Overall, itâs a solid start for anyone entering the trading world, their ebooks are hidden treasure trove
Decent broker, nothing special. Works fine so far.
Our purchase deal benefited greatly from Seikom services. Even though the onboarding process took longer than anticipated, Hatim’s team provided everything as promised. But the outcome made the wait worthwhile.
It’s alright but there is something wrong with my login details which is why I ask for the customer service to reply to me so I can get this sorted immediately
Reliable platform with competitive spreads. Customer support is responsive.
Great choice for beginner traders. Theyâve got good educational resources and a demo account, so you can figure things out without losing your money right away.
I think that platform of this broker looks outdated.
Of course, I understand that this is a popular platform among traders, but I know several alternative platforms with a more advanced interface.
Payments on Seikom started well. Everything was going on smoothly and It was nearly as fast as the flash, but it surprisingly was sustainable. The downside for me was that my transactions were coming in slowly and the withdrawal process became even more stressfull but it seems like it was for a period because withdrawals are better now. The deposits were pretty calm and I have no complaints there.
It would be nice if the withdrawal processes were worked on that will be minimally affected by peak periods.
Seikom seems like a reliable platform with fair conditions. I havenât faced any major issues, and the broker appears credible. Still, Iâd like to see more transparency in some areas. So far, trading here has been decent, and I havenât had reasons to doubt its reputation.
There are cheaper brokers out there, to be fair. But I like Seikom for its reliability. Itâs more about peace of mind than being the most cost-effective option, and thatâs a win for me
Iâve been on the platform for four months, and itâs working well so far. No issues with trading or withdrawals. The only thing is, the mobile app could use some improvements.
Withdrawals take some time, but they do process them.
Since I joined, I have been consistently earning a good income every month. The team at the company is commited to teaching us how to trade like professionals, empasizing careful trading to protect our money. I highly recommend trading witn them; they have done a fantastic job!
As a beginner, tradingwas overwhelming, but personal executive coaching made it easier. Quality trasing advice, profitable trades, and valuable trade strategies – there guys know their stuff. I`m convinced and grateful for their service.
Honestly, I picked this platform randomly, but so far, so good. Plenty of trading tools, withdrawals go through fine, and fees arenât crazy.
Market volatility used to make me nervous, but the siteâs risk management strategy gave me peace of mind. My portfolio has continued to grow even in uncertain times, which is a testament to their expertise in navigating market challenges.
They have an excellent digital asset fund! Strong returns with controllable risk are guaranteed by the AI-driven methodology and smart allocation. They stand out from other asset managers due to their proficiency in blockchain investment.
Iâve tried a few brokers, but what I like about Seikom is their support team. They respond quickly and actually help, even when youâre asking newbie questions. Thatâs a big deal for beginners.
The use of advanced technology to optimize my portfolio is something I have never seen at other companies.
It was easy and quick to open an account. Before I made my first investment, the support staff made sure I understood every step of the procedure. They are the most professional.
Decent broker with a solid reputation. Platform works smoothly for me.
Seikom offers good trading conditions, but leverage options are somewhat limited.
Good platform, but the verification process takes too long!
Seikom is okay, but their withdrawal speed could be improved
Really good execution speed! Havenât experienced any slippage so far.
Nice to have crypto deposits available. Transactions are processed quickly.
Withdrawals work fine, and the trading conditions are fair. No complaints.
Been using them for a few months, no major issues yet.
Trading conditions are fine, but spreads could be tighter.